Walmart CEO Predicts $10 Billion In eCommerce Sales

What's Next In Payments®
8:21 PM EDT June 8th, 2013

Walmart CEO Mike Duke expects his company to hit $10 billion in global eCommerce sales this year, according to All Things D. Duke made the comments at the company’s shareholder meeting on Friday.

Walmart’s acquisition of Chinese eRetailer Yihaodian has helped to boost the projection, which Walmart pegged at closer to $9 billion earlier in the year. All Things D notes that the eCommerce boost still represents a “sliver” of Walmart’s overall revenue, which hit $469 billion in 2012.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Who Really Owns the POS and Customer Data?
B2B Payments
No Apple Pay For Amex Corporate Users
B2B Payments
With New VC Dollars, GoCoin Pledges B2B Payments Push
Company Spotlight
Apple May Soon Hit Sale Of Billionth iOS Device
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
News
Who Really Owns the POS and Customer Data?
B2B Payments
No Apple Pay For Amex Corporate Users
B2B Payments
With New VC Dollars, GoCoin Pledges B2B Payments Push
B2B Payments
Tipalti Lassos In $13 Million In Series B Funding
View All Articles ››